The fertilizer additives market was valued at USD 2.51 Billion in 2015; the market is projected to grow at a CAGR of 2.6% from 2016 to 2021. With the increasing pressure on global food production and development in technologies of fertilizer production, the demand for fertilizers is expected to increase, which in turn would enhance the growth of this market.

The objective of the study is to define, segment, and measure the fertilizer additives market. This market is segmented on the basis of function, application, form, and region, which is further segmented into North America, Europe, Asia-Pacific, Latin America, and Rest of the World (RoW). The report also aims at providing detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges) and to analyze opportunities in the market for stakeholders and details of the competitive landscape for market leaders. For the purpose of the study, 2015 is considered as the base year, and 2016 and 2021 are considered as the estimated and the projected years, respectively.

This report includes estimations of market sizes in terms of value (USD million) and volume (KT). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global fertilizer additives market, and to estimate the size of various other dependent submarkets in the overall market. The key players in the market have been identified through secondary sources (such as Factiva, Hoovers, International Fertilizer Association [IFA] and British Agrochemicals Association), and their market share in the respective regions have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

The value chain comprises key manufacturers in the fertilizer additives market; these include Clairant (Switzerland), KAO Corporation (Japan), Novochem Group (Netherlands), and ArrMaz (U.S.), which have diversified product portfolios, proprietary technologies, and strong distribution networks and offices at strategic locations across the globe. These companies are focusing on quality and innovation to meet the environmental regulations and cater to the growing demand in the fertilizer industry. Other players include Filtra Catalysts & Chemicals Ltd. (India), Amit Trading LTD. (Israel), Chemipol (Spain), and Forbon Technology (China). Maximum value addition to a product in the global fertilizer additive industry is observed in the stages of research & product development.

Target Audience:

Fertilizer manufacturers

Fertilizer additives manufacturers/suppliers/distributors

Raw material suppliers

Research institutions

Government bodies

Farmer cooperatives and associations

The study answers several questions for stakeholders: primarily, which market segments to focus on in the next two to five years, for prioritizing efforts and investments.

Scope of the Report

On the basis of Function, the market has been segmented as follows:

Anticaking agents

Dedusting agents

Antifoam agents

Hydrophobic agents

Corrosion inhibitors

Others (porozing agents and coloring agents)

On the basis of Application, the market has been segmented as follows:

The fertilizer additives market is projected to grow at a CAGR of 2.6%, to reach a projected value of USD 2.91 Billion by 2021. The demand of fertilizer additives is completely dependent on the growth of the fertilizer industry. Furthermore, the shrinking arable land, adoption of new technology, and the increasing willingness of farmers to spend more for higher productivity are some important factors that contribute to the increasing demand for fertilizer additives. The shortage in the supply of agricultural products in the last 4-5 years has resulted in an increase in their prices, and subsequently the need to increase agricultural production. As a result, the demand for fertilizers has increased, which is expected to drive the demand of fertilizer additives.

The global market exhibits an oligopolistic type of competition. A few firms compete with each other on a global level, and products offered by these players have similar functions. Major fertilizer additive players provide customized products to end users (fertilizer manufacturers) based on their requirements.

The fertilizer additives market, on the basis of application, has been segmented into urea, ammonium nitrate, diammonium phosphate, monoammonium phosphate, ammonium sulphate, triple super phosphate, and others which includes potassium chloride, potassium sulphate, and phosphoric acid. The urea segment dominated the market in 2015 and is projected to grow at the highest CAGR during the forecast period.

Additives are designed to perform specific functions such as anti-caking, antifoaming, corrosion inhibitor, coloring, hydrophobic, and others. No single additive can perform all these functions, but different compatible additives often can be combined to perform multiple functions at the same time. This market is estimated to be led by the anticaking agents segment in 2016. Most of the fertilizers are formulated in granular, prilled, and powered form. These fertilizer develops caking during transportation and storage, hence, anticaking additives are used on a larger scale in fertilizer production.

Asia-Pacific accounted for the largest market share in the fertilizer additives market in 2015, which was followed by North America. Growth in these regions is due to the high rate of adoption of new technologies in fertilizer production.

Adverse effects of agrochemicals on human health and stringent government regulations act as major challenges for this market. Growth of the organic fertilizer industry and environmental impact of chemical fertilizers restrains the growth of this market.

The leading players that dominated the fertilizer additives market include Clairant (Switzerland), KAO Corporation (Japan), Novochem Group (Netherlands), and ArrMaz (U.S.). Other players include Filtra Catalysts & Chemicals Ltd. (India), Amit Trading LTD. (Israel), Chemipol (Spain), and Forbon Technology (China). The key players explored the market in new regions by adopting strategies such as acquisitions, new product launches, expansions & investments, and agreements, partnerships, collaborations, and joint ventures. The key players in the fertilizers market have managed to reduce the cost by backward integration (in house manufacturing of fertilizer additives). Marketing & sales is a very important part of the value chain for fertilizer additive products, as the competition in the market compels the market players to differentiate their product offering from one another.

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